60 W Lakeview Pl, Ely, 55731

REDUCED 47% Commercial - Business Opportunity, Resort For Sale in Auditors Of Chandler Add To El


MLS® #: 5291127
Active, 131 Days on Market

WOW! Blue-sky awaits you in both the business and the amazing views from the deck, restaurant, cabins and RV / Campgrounds on the shores of gorgeous Shagawa Lake in Ely! This year round business features indoor seating and outdoor deck seating, as well as fireside dining for over 100 people. Rustic seating leads to the ambiance and atmosphere of the true Up North feel. Amazing Opportunity for that go-getter that's looking for resort life in Ely! Full service restaurant with bar service, 4 one (1) bedroom log cabin rentals, 6 RV sites with electric service, 5 tent camping sites tucked in the woods on 3+ acres. 72 feet of dock space with enough room for 15-16 boats, 278 ft of sandy soft beach. Bait and tackle gift shop, office space &/or living quarters, and 20 years of solid 20 years of profitable business, with plenty of room for expansion of services and features. Sky is the limit Cabins included boat rental and wifi/satellite. Website and trademarks included.

Essential Information

MLS® #: 5291127
Price: $379,000
Square Footage: 2,003
Acres: 0.21
Year Built: 1959
Type: Commercial
Sub-Type: Business Opportunity, Resort
Style: Business Opportunity, Resort
Status: Active
Total Units: 6

Community Information

Address: 60 W Lakeview Pl
Subdivision: Auditors Of Chandler Add To El
City: Ely
County: St. Louis
State: MN
Zip Code: 55731


Utilities: Heating Separate
Features: 220 Volt, Out Buildings
# of Garages: 1
Garages: Detached Garage
Is Waterfront: Yes
Waterfront: Lake Front


Heating: Forced Air


Exterior: Log Siding
Lot Description: Irregular Lot
Roof: Asphalt Shingles
Foundation: 2003

School Information

District: 696 - Ely

Additional Information

Date Listed: September 10th, 2019
Days on Market: 131
Zoning: Business/Commercial
Current Use: Restaurant, Tavern/Lounge, Food Service, Commercial, Retail, Recreational, Resort

Listing Details

Listing Office: Z'Up North Realty, Inc.


$/SqFt: $189

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Listing information last updated on January 19th, 2020 at 8:35am CST.